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Fosun Nears Deal to Buy Forbes for Less Than $250M

August 23, 2023
in Trade Tube
Reading Time: 1 min read
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When business magazine and website Forbes is finally sold, it will probably go to Fosun International for a price much lower than one minority shareholder had been hoping to receive. The Chinese conglomerate is the front-runner in the race for Forbes, but it is likely to pay less than $250 million for the money and wealth media business. The founding Forbes family is also expected to hold on to a stake in the company that initially hit the auction block in November.

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